Use the equity in your home to finance home improvements, pay tuition, consolidate debts or make major purchases such as an automobile, and you may be eligible for substantial tax advantages (ask your financial advisor for details).
Minimum credit line is $10,000. Rates can change monthly.
The Annual Percentage Rate (APR) as of 11/01/09 is 6.25%. Rate based on
the Wall Street Journal Prime Rate (3.25% APR as of 11/01/09) plus 3%.
The Annual Percentage Rate will never be lower than 5% or higher than
18%. Credit subject to credit approval. Fees for work to cure title problems
are not considered closing fees. Applies to owner-occupied properties
only. Property insurance is required. Consult a tax advisor regarding
the deductibility of interest.
With interest rates on the rise, many consumers with variable-rate loans or high-rate credit cards are looking for lower-cost options with reliable rates.
If you're a homeowner, we have a great alternative:
United Bank's Fixed-Rate Home Equity Loan. Choose a term of 5 or even
10 years, and lock in a rate and a fixed monthly payment - so there are
no unpleasant surprises for your budget.
| 5-Year Term 7.25%
APR* |
| 10-Year Term 7.75%
APR* |
| Payment Examples: $25,000/5-year term
loan at a rate of 7.25% APR would result in 60 payments of $497.98.
$25,000/10-year term loan at a rate of 7.75% APR would result in 120
payments of $300.03. |
- Open a new loan or convert your variable-rate home equity line from
another institution, and United Bank will pay all or a portion of your closing
costs.
- Consolidate bills and credit card debt into one convenient payment,
and enjoy the added potential bonus of tax-deductible interest. Use
your loan to finance home improvements, renovations, major purchases...
anything you need.
*Annual Percentage Rates as of 11/01/09. Minimum loan
amount is $10,000. Property insurance is required. Consult your financial
advisor regarding tax advantages.
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